NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Sees Strong Trading Volume – Here’s Why

NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) saw unusually-high trading volume on Wednesday . Approximately 784,854 shares were traded during mid-day trading, an increase of 270% from the previous session’s volume of 211,873 shares.The stock last traded at $31.48 and had previously closed at $31.60.

NYLI Hedge Multi-Strategy Tracker ETF Stock Down 0.3 %

The firm has a market cap of $568.34 million, a P/E ratio of 14.66 and a beta of 0.31. The business’s 50 day moving average is $32.22 and its 200-day moving average is $31.77.

Institutional Trading of NYLI Hedge Multi-Strategy Tracker ETF

Several institutional investors have recently added to or reduced their stakes in the business. Pitcairn Co. boosted its holdings in shares of NYLI Hedge Multi-Strategy Tracker ETF by 46.9% during the third quarter. Pitcairn Co. now owns 1,602,027 shares of the company’s stock valued at $51,393,000 after acquiring an additional 511,219 shares during the period. EP Wealth Advisors LLC boosted its stake in NYLI Hedge Multi-Strategy Tracker ETF by 332.3% during the 2nd quarter. EP Wealth Advisors LLC now owns 758,377 shares of the company’s stock valued at $23,532,000 after purchasing an additional 582,961 shares during the period. Alaska Permanent Capital Management grew its position in NYLI Hedge Multi-Strategy Tracker ETF by 1.1% in the 3rd quarter. Alaska Permanent Capital Management now owns 653,523 shares of the company’s stock worth $20,953,000 after purchasing an additional 7,113 shares during the last quarter. Captrust Financial Advisors increased its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF by 2.6% in the third quarter. Captrust Financial Advisors now owns 576,385 shares of the company’s stock valued at $18,490,000 after purchasing an additional 14,356 shares during the period. Finally, Verdence Capital Advisors LLC increased its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF by 2.8% in the third quarter. Verdence Capital Advisors LLC now owns 292,667 shares of the company’s stock valued at $9,389,000 after purchasing an additional 7,896 shares during the period.

About NYLI Hedge Multi-Strategy Tracker ETF

The IQ Hedge Multi-Strategy Tracker ETF (QAI) is an exchange-traded fund that is based on the IQ Hedge Multi-Strategy index. The fund tracks an index that aims to emulate hedge fund returns across different strategies, primarily by holding other ETFs. QAI was launched on Mar 25, 2009 and is managed by IndexIQ.